Can a Enterprise Be Both Ethical and Profitable?

This query has been troubling me for a while now. I say troubling, not because I personally have any doubt that business and ethics can and must coexist for a company to realize success. I say it because reality shows that, despite the truth that most companies within the corporate world have their so-called “Code of Ethics,” just a number of of those companies truly go by it. Within the meantime, more and more companies and individuals find excuses for his or her unethical conduct, and accordingly putting those who continue to imagine in ethics in a troublesome situation, in which the latter group has to compete towards those that are less principled. Unfortunately, ethical folks usually lose of their combat in opposition to those, who would do anything to get what they want. As a matter of reality, in today’s world, it has change into more the rule than the exception for ethical individuals to fail of their career and their enterprise life merely because they have to compete with the more widespread type of individuals in right this moment’s marketplace, namely the unprincipled, or whom many choose to call “smart.”

Virtually on daily basis, we’re faced by situations in which we have now to make a call and select between something ethical and one other that is less than ethical, with the latter, almost always, appearing because the more rewarding. Being hung up on profit and the urge to succeed most individuals sadly choose the latter, in order to realize their instant goals.

There are lots of examples of unethical choices which are made in the enterprise world. Two examples come to mind. At the business level, I can think of situations in which a business takes a cutthroat approach to remove competing companies or individuals from their path, instead of entering with them into an honest competition; On the individual level, I can think of a situation in which a greedy employee is targeted by a competitor and is paid a bribe or a fee in return for confidential information that can assist the competition snatch a enterprise opportunity from the employer. The sad part is that most individuals, nowadays, instead of condemning such a behavior, they describe it as a smart move, and add, “You can’t be a sheep amongst wolves.” They say it, as if becoming a member of the wolves is the only answer to survive in at present’s world.

I wonder! When did it turn into acceptable to be dishonest, crafty and downright villainous? Why are trustworthy individuals considered naive, or more importantly why do they lose their likelihood of profitable against the more crafty and less ethical? Who made this the number one rule of success? And, is a risk against the financial profitability of a company or an individual price sacrificing one’s values and permitting his or her ethics to go out of the window?

In my book, it doesn’t have to be this way. Good business ethics can and needs to be part of a profitable business. Unethical businesses might be profitable on the quick run, however can by no means be really successful. A enterprise without ethics is a business without integrity. Such a business might realize speedy profitability but it will definitely face long term failure. This rule applies to each side of our life. This is true, not only because shoppers like to deal with worth-primarily based corporations, but in addition because an unprincipled business is like a rotted house destined to break down at the hands of its own in-grown time periodites. It simply doesn’t have a strong basis on which it can stand within the face of the numerous storms it will face in its lifetime.

So, what do you do to make ethics the thread that weaves the material of your company?

1-Lead by example. Inspire your employees and clients to do what is right.

2-Encourage your employees to do the right thing, and reward them for it.

three-Do not tolerate corruption or unethical habits in your company,

4-No matter how profitable a partnership or a enterprise relationship would possibly appear, do not take it if it implies that you workforce up with an unethical firm or particular person,

5-Finally remember that fighting the good combat to win the race is way more satisfying, regardless whether you win or lose, than winning on the expense of somebody else.

Live and lead by instance, for when all as of late are behind you, and you are sitting in your rocking chair telling your grandchildren stories about your achievements, you will not only feel proud to inform the story of your sincere life struggles, however you will also be teaching them methods to live an honest and righteous life. Only then, your short journey in this world would have made a difference, and your life wouldn’t have been in vain.

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